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Smoke billows as US airstrikes target the Syrian border town of Kobani (Picture: Getty Images)

War is big business, and these are the guys who are profiting from it.

Defence contractors in the US have been caught out openly celebrating the fact that the raging conflict in Syria and beyond will line their pockets.

Meeting at the Credit Suisse Third Annual Industrials Conference in Florida, companies Lockheed Martin, Raytheon and Oshkosh discussed what they stood to gain from escalating violence in the middle east.

Bruce Tanner, executive vice president at Lockheed Martin, was recorded by one of the delegates and posted online and discovered by The Intercept.

Listen to the recording here:

Tanner told the conference his company would see ‘indirect benefits’ from the Syrian war, referencing the Turkish military’s recent downing of a Russian warplane.